ICAI releases updated important Background Materials (BGM) on GST (Jan 2024′)


The ICAI has issued updated Background Material on GST (January 2024 Edition) Volume-I and Volume-II by the GST & Indirect Taxes Committee, revising the publication “Background Material on GST” and releasing its 12th edition for the benefit of members, students, and all other users. This updated material aims to provide comprehensive insights and guidance regarding the provisions contained in the entire spectrum of GST law. The relevant provisions are presented in easily understandable language within the publication. It has been updated with the Finance Act, 2023, along with the amendments made by various notifications issued up to February 1, 2024. Additionally, the amendments proposed in the Finance Bill, 2024, have also been incorporated at appropriate places.

Volume – 1: https://d23z1tp9il9etb.cloudfront.net/download/pdf24/Background-Materia-on-GST-Vol-1-Feb-2024.pdf

Volume – 2: https://d23z1tp9il9etb.cloudfront.net/download/pdf24/Background-Materia-on-GST-Vol-2-Feb-2024.pdf